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STOCKHOLM - Swedbank AB (OTC:SWDBY)'s Nomination Committee has announced its proposal for the bank's Board of Directors, slated for election at the upcoming Annual General Meeting on March 26, 2025. The committee has recommended the re-election of all current board members and the addition of Rasmus Roos, currently CEO of Sparbanken Skåne, as a new member.
The proposed board will consist of eleven members, an increase from the previous year, maintaining a gender balance with six men and five women. Göran Persson is the nominee for the Chair of the Board of Directors. The committee also proposes the appointment of Öhrlings PricewaterhouseCoopers AB as the bank's external auditor.
Rasmus Roos brings a wealth of experience from the banking and finance industry, having served in senior management roles across various institutions. His current leadership at Sparbanken Skåne since 2021 is particularly noted by the Nomination Committee as a valuable addition to the board's expertise.
The independence of the board candidates has been assessed in accordance with the Swedish Corporate Governance Code. All proposed members, except Göran Bengtsson and Rasmus Roos, are deemed independent in relation to the bank and its management. They are also considered independent with respect to the bank's major shareholders.
Lennart Haglund, Chair of the Nomination Committee, expressed confidence in the functioning of the board under Göran Persson's leadership, citing positive developments over the past year. The nomination of Roos is seen as a move to further bolster the board's competence in banking.
In addition to board nominations, the committee has put forward Wilhelm Lüning to chair the Annual General Meeting. The full proposal from the Nomination Committee will be detailed in the convening notice for the meeting and will be made available on Swedbank's website.
Swedbank, a leading bank with over 7 million retail customers and 550,000 corporate clients in its home markets, emphasizes its vision of a financially sound and sustainable society. The announcement is based on a press release statement.
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